BOJ's Masai: Still some distance to achieving 2% inflation target

Bank of Japan Policy Board member Takako Masai speaking at a meeting with business leaders in Ehime

• Still some distance to achieving 2 pct inflation target
• Momentum to achieving price target is strengthening steadily
• Delay in hitting price target unfortunate but what's important is to explain factors behind delay, pursue policy to lay grounds to achieve target
• Expect Japan's economy to continue expanding moderately
• Japan's yield curve is shaped in line with BOJ's directive under its yield curve control (YCC) policy

more to come

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Earlier from Japan today:

• Japan data - Industrial Production (July, preliminary): -0.8% m/m (expected -0.3%)

And, this from PIMCO earlier too:

• PIMCO says the BOJ wants to become more flexible on 2% inflation target